As a general rule, a product needs to be manufactured for 25 percent of its expected price to consumers to make money. This is due to distribution and selling costs. That means that your manufacturing costs must be less than 50 cents if your product’s retail price is $2.
Regarding trademarks, during the pandemic more people started their own companies, launched new products, increased cross-border e-commerce, and filed trademark applications to improve their brand protection. That led to unprecedented application levels in fiscal years 2020 and 2021.
Whether inventing, manufacturing, selling your product yourself or inventing and licensing your invention to another company, it will need to go through many steps and/or iterations.
Here’s a new product to help glam up those often-boring kitchen cabinet handles. BY EDITH G. TOLCHIN
The Realizing Engineering, Science, and Technology Opportunities by Restoring Exclusive (RESTORE) Patent Rights Act of 2024 would essentially abrogate the 2006 Supreme Court ruling in eBay v. MercExchange, a case that many patent owners argue has played a key role in weakening the value of patents.
VIBESPIN combines the classic music playing experience of vinyl records with Bluetooth functionality in a compact and retro vintage style.
One of the company’s seven assistive-hearing device models to customers online, Audien Atom 2 upgrades the original Audien Atom with an even smaller size.
Instead of twisting your flashlight to turn it on and off, with the YSMART MQ5 you just pull it off your keychain. The magnetic quick-release feature turns on the flashlight immediately.
We recently noted the large number of significant patent verdict awards of 2024. Although those are usually a positive indicator of the health of the patent market because they may instill some fear in serial infringers, the reality is, they have their limit—the same way a blue-collar worker winning the Powerball does not mean the middle class is suddenly looking to brighter prospects.
USPTO’s signature event inspires with personal, practical advice for improving inventors’ intellectual property potential. While some of America’s most successful inventors and intellectual property (IP) experts gathered to share their experiences and expertise at the USPTO’s annual showcase event, Christie Thoene talked about a hunger intended to whet our appetites.
The USPTO issued a guidance update on patent subject matter eligibility to address innovation in key emerging technologies, including in artificial intelligence (AI). This will assist USPTO personnel and stakeholders in determining subject matter eligibility under patent law of AI inventions. The update builds on previous guidance.
The clip-clop of horseshoes and the slow creaking of carriage wheels on the tarmacadam streets of London welcomed two weary American travelers after more than one month at sea on New Year’s Day, 1882. Accompanied by his wife, 33-year-old Lewis Latimer arrived with a daunting task before him: the electrified illumination of a city famous for its fog.